Will a buyer be found for Newfoundland’s Come By Chance oil refinery, or will the 47-year-old facility–one of just two refineries in the Maritimes–be mothballed for the last time?
Come By Chance’s owner, New York-based investment firm Silverpeak, is saying little, while layoffs that began in the spring due to the pandemic have seen most of the approximately 500 workers at the refinery lose their jobs. Fewer than 60 workers are left at the facility, which produces gasoline, diesel, jet, and home heating fuel.
